Data analytics has become the business buzzword du jour over the past few years. Analytics has been hailed as the next technology-enabled revolution that will bring numerous benefits to all organizations.
In the world of audit, practitioners have known of analytics for quite some time. Tools such as ACL (Audit Command Language) have existed since at least the early 2000’s, even before the recent media fascination with data analytics. Despite the awareness of these tools, though, and the fervent desire to deploy analytics across the business world in general, adoption of analytics within internal audit is decidedly mixed.